Telegram Debt Goes DeFi in $500 Million On-Chain Fund Launch on TON
Libre and the TON Foundation have launched a $500 million tokenized fund, the Telegram Bond Fund, on The Open Network to bring Telegram’s $2.4 billion corporate debt onto the blockchain. This fund allows institutional and accredited investors to access Telegram’s bonds directly via the TON blockchain and will also engage in future bond offerings and collateral strategies within the TON ecosystem. The fund is managed using Libre’s infrastructure, which supports fiat and stablecoin transactions under regulatory oversight. TON, developed by Telegram, operates independently since 2020. The launch aligns with rising activity in the real-world asset (RWA) sector, projected to exceed $50 billion this year, with significant growth in tokenized financial products. The total value locked in RWA protocols has surpassed $11.14 billion, indicating increased interest in integrating traditional financial assets into blockchain platforms.
